Dear sir
We will suggest following 2 ELSS funds and reasons for the same.
Rs.26.50 dividend (265%) declared during last 5 years NAV : Rs. 7.86 Only as on 20.03.09 Investment in Largecap "A" Group Stocks : 95 %
30% & 35% dividend declared during last 2 years NAV : Rs. 5.24 only as on 20.03.09 Investment in Largecap "A" Group Stocks : 88-90 %
Why ELSS (Mutual Fund) is better tax saving instrument than others because of followings :
N.S.C. : Lock in Period : 6 years Interest Income – Taxable Return : 8%
PPF : Lock in Period : 15 years Interest Income – Tax Free Return : 8%
Bank F.D. : Lock in Period : 5 years Interest Income - Taxable Return : 9%
Mutual Fund : Lock in Period : 3 years Interest Income – Tax Free Return : 15-20% So, Grab this opportunity of Investing in bad market conditions as history shows investing in bad times and selling the same in good times always give huge profits.
Please note that we have offices all over Thanks & Regards Nikhil Vadia - 98197 55658 |
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